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Population outpacing housing supply
Housing production is left in the dust as population grows
http://www.planning.org/news/daily/s...&source_type=O
"Two thousand homes a year. That's roughly how much Oahu's housing market is losing ground each year as the growth in population outstrips the production of new homes. [...] Tian calculates that 3,525 new homes need to be added on Oahu annually to match the anticipated 1 percent population growth, assuming 2.8 people per household. Over the last three years, there were 1,612 residential units approved for construction per year on average. That leaves a deficit of 1,913 homes."
Lack of housing inventory on Oahu could be 'the issue of our time'
http://www.bizjournals.com/pacific/n....html?page=all
"The record median price of single-family home on Oahu that was set in December was $685,000, while the median family income was $72,000. She compared those numbers to national numbers, in which the median price of a single-family home is around $200,000, with a median family income of around $55,000, she said.... Tian said that Oahu's housing shortage is severe, with a short supply of almost 12,600 units. He said that statewide, planned housing units are now only at 46 percent of what they were between 2001-2010."
http://www.planning.org/news/daily/s...&source_type=O
"Two thousand homes a year. That's roughly how much Oahu's housing market is losing ground each year as the growth in population outstrips the production of new homes. [...] Tian calculates that 3,525 new homes need to be added on Oahu annually to match the anticipated 1 percent population growth, assuming 2.8 people per household. Over the last three years, there were 1,612 residential units approved for construction per year on average. That leaves a deficit of 1,913 homes."
Lack of housing inventory on Oahu could be 'the issue of our time'
http://www.bizjournals.com/pacific/n....html?page=all
"The record median price of single-family home on Oahu that was set in December was $685,000, while the median family income was $72,000. She compared those numbers to national numbers, in which the median price of a single-family home is around $200,000, with a median family income of around $55,000, she said.... Tian said that Oahu's housing shortage is severe, with a short supply of almost 12,600 units. He said that statewide, planned housing units are now only at 46 percent of what they were between 2001-2010."
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